sigma insights 02/2026: A new phase for the US surplus lines insurance market
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Structural tailwinds meet cyclical headwinds
After nearly a decade of rapid growth, there has been a slowdown in the excess & surplus (E&S) lines segment of the US commercial insurance market. This is not a return to past cycles, in our view.
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Commercial property and liability, DPW growth, quarterly data, y-o-y
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